Bill > S869

Introduced Session

This bill establishes an annual four-day New Jersey sales tax holiday to cover the popular, early seasonal shopping days after Thanksgiving. The sales tax holiday will extend from what has been called "Black Friday," and include that Saturday, also known as "Small Business Saturday, the next day of Sunday, and extend through what has been termed "Cyber Monday. Black Friday is a colloquial term for the Friday after Thanksgiving. It traditionally marks the start of the Holiday shopping season. Many stores offer highly promoted sales at discounted prices and often open early, sometimes as early as midnight. Small Business Saturday is an American shopping holiday held during the Saturday after Thanksgiving during one of the busiest shopping periods of the year. It is always the last Saturday in November. Starting in 2010 and officially cosponsored by Small Business Administration since 2011, Small Business Saturday has become an important part of small businesses' holiday shopping season. Small businesses create local jobs and pay local taxes, which keeps money circulating within communities. By doing their shopping at local small businesses, customers can directly support their neighbors and help benefit their local economies. Shopping small for the holidays can also be environmentally friendly. When locally owned businesses locally source raw materials or manufactured products, it reduces the distance that goods travel, and often involve less packaging making for a smaller carbon footprint. Local retailers' websites and social media pages often promote special store offerings, hours and event announcements in the days leading up to Small Business Saturday.Cyber Monday is the marketing term for e-commerce transactions on the Monday after Thanksgiving. It was created by retailers to encourage people to shop online and offers a way for smaller retail websites to compete with larger chains. Beginning in 2005, it has become the largest online shopping day of the year.

AI Summary

Committee Categories

Tony Bucco (R)*, 

Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/09/2024)

Official Document